One Up On Wall Street

Investor Peter Lynch, writing with John Rothchild, sets out the stock-picking method he used while running Fidelity's Magellan Fund. His core claim is that ordinary investors have an edge over professionals, because they meet new companies and products in daily life before Wall Street notices them, and can find tenbaggers, stocks that rise tenfold, ahead of the institutions. Lynch insists that spotting a company is only the start: investors should study its financial statements and weigh company basics like valuation and earnings growth over the state of the wider economy. He sorts stocks into six types: fast growers, slow growers, stalwarts, cyclicals, asset plays and turnarounds. Published in 1989, it has sold more than a million copies.

StarterStory founder Pat Walls recommends it to anyone who wants to learn more about the stock market.